The Market Today

Well, heck. November’s turning out to be a pretty good month. The Buy List is already up 5.18% for the month while the S&P 500 is up 2.30%. Today, the Buy List added another 0.45% and the S&P was up 0.31%. I knew we could outsmart the robots.
The bond market was closed for Veteran’s Day, and the stock market was very quiet. One surprise is that Commerce Bancorp (CBH) was out top performer. CBH added 4.0% today even though the stock was downgraded yesterday by A.G. Edwards.
Here are a few links that I found interesting. One of my favorite bloggers, Michelle Leder of Footnoted.org, found this gem:

How often do top executives agree to forgo their bonuses? About as frequently as pigs fly. Which is why this 8-K filed by The Banc Corporation (TBNC) this week is particularly amusing. In a press release, the company notes that the three top executives “will not accept any performance bonus for which they might have been eligible for” which works out to about $450K for the three. But here’s the clincher: the board has agreed to accelerate the vesting of 625,942 options held by the three — options that are worth about $2 million.

There’s a growing business for corporate sleuths. (Via: The Kirk Report.)
Dell’s CEO talks to Business Week.
Value investing is still winning.
And Zimbabwe’s inflation is running at 411%. A month.

Posted by on November 11th, 2005 at 4:25 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.